4 ms·
The optimum point might lie outside. The curve might even dip in between the two price points. Edit: The operative word here is 'might'.
by aptwebapps 15y ago
The optimum point might lie outside. The curve might even dip in between the two price points.
Edit: The operative word here is 'might'.
- carbocation 15y agoTrue, but wouldn't you agree that nl's suggestion is the maximum likelihood guess?
- nl 15y agoYes, it might. But presumably the authors wants to maximize revenue while conducting experiments. Pricing at the midway point would seem to be the lowest risk way of getting additional data.